A Company Made the Following Merchandise Purchases and Sales During

question 22

Essay

A company made the following merchandise purchases and sales during the month of
May:
$\begin{array}{|l|l|l|l|}\hline \text { May 1 purchased } & 380 & \text { units at } & \$ 15 \text { each } \\\hline \text { May 5 purchased } & 270 & \text { units at } & \$ 17 \text { each } \\\hline \text { May 10 sold } & 400 & \text { units at } & \$ 50 \text { each } \\\hline \text { May 20 purchased } & 300 & \text { units at } & \$ 22 \text { each } \\\hline \text { May 25 sold } & 400 & \text { units at } & \$ 50 \text { each } \\\hline\end{array}$ There was no beginning inventory. If the company uses the weighted-average perpetual inventory method, what would be the cost of its ending inventory?

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Definitions:

Mind Receptivity

The willingness or ability of the mind to receive and consider new information or ideas.

Comprehension

The ability to understand and grasp the meaning of something.

Good Character

The possession of virtuous qualities such as integrity, honesty, courage, loyalty, and fairness, reflected in one's behavior and decisions.

Integrity

Firm adherence to a code of moral values.